Venus Metals Corporation Limited (ASX:VMC) Placement

  • Monday, March 25, 2019

  • Keywords:Steel raw material Vanadium
[Fellow]Venus Metals Corporation Limited (ASX:VMC) Placement

Venus Metals Corporation (the Company) (ASX:VMC) is pleased to advise it has received an application from a professional and sophisticated investor for a private placement of 600,000 new ordinary fully paid shares at A$0.17 per share to raise A$102,000 (Placement).

Settlement of the Placement is expected to complete immediately after the funds are received and cleared. The Placement will be undertaken using the Company's existing placement capacity under Listing Rule 7.1, and accordingly, the Placement will be made without shareholder approval. When issued, Placement shares will rank equally with existing shares then on issue.

Funds raised will be used for general working capital.

An Appendix 3B and cleansing notice will be lodged upon issue and allotment of the shares under the Placement.

  • [Editor:tianyawei]

Tell Us What You Think

please login!   login   register
  • Buy & Sell

Please be logged in to comment!